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VOL. 125 | NO. 152 | Friday, August 6, 2010

Luttrell, Cohen Win Most-Watched Races

Outgoing Shelby County Sheriff Mark Luttrell was elected Shelby County mayor Thursday evening. Meanwhile, incumbent Democratic Congressman Steve Cohen easily won the 9th Congressional District primary, crushing challenger and former Memphis Mayor Willie Herenton.

GOP Carries Countywide Offices

Three Judicial Appointees Swept From Office

The only thing Republican candidates in Shelby County were denied in the Aug. 5 elections was a majority on the Shelby County Commission. The local GOP slate swept every countywide partisan race on the ballot with Thursday’s election results.

Smith & Nephew Sales Up 1 Percent

Sales of Smith & Nephew’s orthopedics products during the second quarter grew a scant 1 percent from the same period a year ago, the company said in an earnings report released Thursday.

Tax-Free Frenzy

Monday means homeroom and recess, new teachers and old friends to most Memphis-area schoolchildren. But their parents have other concerns, particularly school supply lists and the price tags they bear.

Work Draws to a Close For Charter Commission

Metro Charter Commissioners are tightening up provisions in the proposed consolidation charter that is one meeting away from being completed.

Local Weather
Currently
Memphis, TN
82.0°F
Overcast
Wind: West at 10.4 mph
Humidity: 69%

EVENTS

The Memphis chapter of the U.S. Green Building Council will hold an educational seminar on the residential green building program EcoBUILD Friday from 11:30 a.m. to 1 p.m. at Bridges USA, 477 N. Fifth St. Cost is $20 for members and $30 for nonmembers. Advance registration is required. For more information, contact Peter Warren at 278-6868 or peter@anfa.com.

more events »

Lakeland Event Aims to Keep Shoppers Close to Home

David Zorn plans to roll out the big truck at Billiard Pro Shop Inc. and plaster it with sales banners Saturday for “Shop Lakeland!”

Simmons Helps Shape Oversight of Financial Advisers

When the finance reform bill became law in July, registered investment advisers throughout the country could thank Memphian Cathy Simmons for a notable absence.

Action! We Belong in the Movies

Gene Hackman has a big head.

Your Business Might Qualify for This Tax Credit

Is your business eligible for the new small employer health insurance credit? Here’s how to decide.

Prince Albert of Monaco Visits the King of Rock

MEMPHIS (AP) — Prince Albert of Monaco and his fiancee visited the home of the "King of Rock 'n' Roll" and sampled some barbecue during a vacation stop in Memphis.

HEALTH CARE

ATS Medical Shareholders Approve Sale to Medtronic

MINNEAPOLIS (AP) – Heart device maker ATS Medical Inc. said Thursday its shareholders have approved the company's $350 million sale to Medtronic Inc., the world's largest medical device maker.

Trustees: Medicare Hospital Fund Extended

WASHINGTON (AP) – A report on the financial condition of the Medicare and Social Security programs contends the Obama administration’s sweeping health care overhaul will extend the life of the Medicare hospital insurance fund by 12 years – an assertion that Medicare’s top numbers-cruncher disputed.

NATIONAL BUSINESS

GM CEO Expects Good Demand When Co. Sells Shares

TRAVERSE CITY, Mich. (AP)General Motors Co., anxious to get out from under government ownership, expects to sell all of its stock at once when it offers shares to the public, CEO Ed Whitacre said Thursday.

Target July Revenue Figure Rises 2 Percent

MINNEAPOLIS (AP) – Discount store operator Target Inc. said Thursday an increase in customers and higher food sales helped July revenue in stores open at least a year rise 2 percent.

Post Office's Quarterly Loss Hits $3.5 Billion

WASHINGTON (AP) – The Postal Service was $3.5 billion in the red for the third quarter and may not be able to make a required payment for future retiree health benefits, the agency said Thursday.

NATIONAL POLITICS

New Claims for Jobless Benefits Rise to 479K

WASHINGTON (AP) – Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring in the U.S. remains weak and some companies are still cutting workers.

IRS to End Release of Taxpayer Debt Information

NEW YORK (AP) – The Internal Revenue Service said Thursday it will end its policy of releasing information about back taxes and other debts taxpayers owe in the coming tax season.

Senate Approves Jobs Bill to Stop Teacher Layoffs

WASHINGTON (AP) – Legislation long sought by Democrats to save the jobs of up to 300,000 teachers, police and other public workers passed the Senate on Thursday.

Mortgage Rates Dip Below 4 Pct. on 15-Year Loans

WASHINGTON (AP) – A plunge in mortgage rates is giving homeowners a rare opportunity to lock in a 15-year fixed-rate loan for less than 4 percent.

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Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 110 188 14,031
MORTGAGES 126 219 16,224
FORECLOSURE NOTICES 12 17 2,219
BUILDING PERMITS 170 411 29,164
BANKRUPTCIES 57 116 9,042
BUSINESS LICENSES 23 52 4,753
UTILITY CONNECTIONS 29 66 5,599
MARRIAGE LICENSES 19 56 3,038

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